ASEAN KEY DESTINATIONS
01 April 2015
The Straits Times Index (STI) ended +0.01 points higher or 0.00% to 3447.02, taking the year-to-date performance to +2.43%.
The FTSE ST Mid Cap Index gained +0.02% while the FTSE ST Small Cap Index declined -0.04%. The top active stocks were CapitaLand (unchanged), SingTel (-0.23%), UOB (+0.22%), DBS (+0.15%) and ST Engineering (unchanged).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.13%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.83%) and STATS ChipPAC (unchanged). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.24% with Midas Holdings’s share price unchanged and Geo Energy Resources’s share price gaining +0.52%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Indonesia ETF (+0.14%), LYXOR China H (+0.29%), DBXT FT China 25 ETF (+1.75%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.39%), CapitaMall Trust (-0.46%), Suntec REIT (-0.54%).
The most active index warrants by value today were HSI25000MBeCW150429 (+14.42%), HSI24800MBeCW150528 (+9.59%), HSI24000MBePW150528 (-14.47%).
The most active stock warrants by value today were UOB MB eCW150701 (unchanged), CLI MB eCW150902 (-0.67%), DBS MB eCW150915 (+2.30%).
Singapore Stock Market
*ST Index 3,447.02 +0.01 3,447.01 -7.25
Volume: 1,233.4M 1,356.2M
Value: $954.5M $1,387.7M
Gainers/Losers: 195/225 205/240
Daily Market Commentary (Securities)
01 April 2015
The FBM KLCI index lost 4.47 points or 0.24% on Wednesday. The Finance Index fell 0.15% to 16210.04 points, the Properties Index dropped 0.11% to 1314.29 points and the Plantation Index down 0.06% to 7797.11 points. The market traded within a range of 7.74 points between an intra-day high of 1831.35 and a low of 1823.61 during the session.
Actively traded stocks include XINGHE-WA, XINGHE, INGENCO, SCH, MQTECH, ASIABIO, MPAY, PRIVA, GENETEC and CONNECT. Trading volume increased to 2910.88 mil shares worth RM1571.16 mil as compared to Tuesday’s 2154.96 mil shares worth RM2458.41 mil.
Leading Movers were RHBCAP (+9 sen to RM8.01), TM (+7 sen to RM7.34), ASTRO (+3 sen to RM3.23), PPB (+10 sen to RM15.48) and PETDAG (+8 sen to RM20.08). Lagging Movers were FGV (-5 sen to RM2.12), GENTING (-20 sen to RM8.80), GENM (-9 sen to RM4.14), SKPETRO (-4 sen to RM2.32) and BAT (-80 sen to RM67.86). Market breadth was negative with 291 gainers as compared to 478 losers.
The KLCI started the first trading day of April in negative territory by ending 4.47 points lower at 1826.31, dragged down by selling in heavyweight counters, led by FGV. Meanwhile, market sentiment was cautious as investors took profit from yesterday’s surge.
Thai bourse jointly with alliances to boost local investment via 26 provincial roadshows
Bangkok, April 1, 2015: The Stock Exchange of Thailand (SET), in collaboration with The Thai Chamber of Commerce (TCC), The Federation of Thai Industries (FTI) and leading securities firms, will organize roadshows in 26 provinces all over Thailand, under the "New Frontier Roadshow" project, to provide intensive investment knowledge and consultation catering to investors' needs. The project will strengthen investment capabilities as such increasing quality investor base, through seminars and workshops, aiming for the number of new investors in provinces to increase by 40,000 in 2015, or up 20 percent from previous year.
SET President Kesara Manchusree said that the growing urbanization and economy of provinces in Thailand, especially along the borders resulted from the trading, investment and logistics connections have expanded business opportunities for entrepreneurs. In the past two years 20 percent of newly listed companies were in the provinces, with fundraising value of THB 14.38 billion (Approx.USD 435.76), while people in provinces have given more importance to economic issues, investment and personal financial management. More than 200,000 from 1,134,500, or 18 percent (as of February, 2015) were investors in provinces. It was significant that in the past five years, the number of provincial investors has been rising substantially with an average of 16 percent growth, compared to less than 10 percent previously.
Yarnsak Manomaipiboon, Secretary General of Association of Thai Securities Companies (ASCO) said the securities companies have expanded services to provinces with assistance on investment knowledge and securities investment consultantancy from ASCO to serve the growing needs. The "New Frontier Roadshow" project would further enhance investment knowledge among investors in provinces by providing information and services from professionals and securities investment consultants to enhance investment skills and understanding of modern investment technology and tools.
TCC Vice Chairman Somkiat Anurat said the growing economy would provide opportunities for local trading. The connection and collaboration among
government and private sectors to provide knowledge to people and businesses in provinces would enhance their potential and strengthen Thailand' s competitive capabilities. In addition, the financial management expertise would benefit trading and business operations. In this project, TCC would jointly provide practical know-how and connect investment information via our online network.
FTI Chairman Thanarak Pongpetra said that the provinces of Thailand contributed about THB 7 trillion of Thailand's GDP, and likely to be on the rise. This project would provide} opportunities for entrepreneurs to prepare themselves for business expansion. FTI has been in collaboration with SET in many aspects, especially in building strength and synergy among entrepreneurs. The "New Frontier Roadshow" would focus on strengthening capabilities of people in provinces. The project would enhance business sector's capabilities in order to become industry leaders in ASEAN.
As of 1 April 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,747.80 2,355.94 2,391.86
Proprietary 5,891.39 4,031.14 1,860.25
Foreign 7,770.78 9,974.51 -2,203.73
Individual 19,593.47 21,641.86 -2,048.38
Total Trading Value 38,003.45 M.Ba
Vietnam index ends at 3-mth low, energy drags
Vietnam's benchmark VN Index tumbled 2.22 percent to close at its three-month low on Wednesday as strong selling in energy-related shares hampered sentiment and triggered offloads among a majority of equities.
PetroVietNam Gas , Vietnam's top firm by market value, led the decliners with a 6.06-percent retreat, while food producer Masan Group <MSN.HM> lost 2.6 percent to 75,000 dong ($3.48), a closing low unseen since January 2011.
The index ended at 538.91 points, the lowest since Dec. 30, 2014, based on Reuters data.
Analysts said heavy selling in big-caps prompted investors to reduce their risk exposure in most other shares and boost trading volume by 54 percent from Tuesday to 129 million shares, while expecting further declines.
"By ratios, Vietnamese equities are quite cheap, but recent government policies have not been able to support the stock market, so both foreign and domestic investors are disappointed," said analyst Tran Thang Long of BIDV Securities.
The index tripped from being Asia's best performer in early March to be in the region's top three underdogs as of Wednesday, with its yield-to-date down 1.23 percent, compared to the leading Shanghai Composite Index gain of 17.81 percent.
Foreigners snapped their three-month buying trend to sell a net 916 billion dong worth of Vietnamese equities in March, while the index now has the lowest price-to-earnings ratio in Southeast Asia and is in the over-sold territory.
But overseas investors were net buyers of 167 billion dong on Wednesday, reversing a streak of six selling sessions, exchange data showed. Long said they bought blue chips, except for oil and gas shares, at bargain prices.
Here is a snapshot of the VN Index at the close
VN Index 538.91
PREV. CLOSE 551.13
% CHANGE -2.22
SE Asia Stocks-Thai index up on domestic funds, airline shares
Thai stock index rose for a third successive day on Wednesday, led by a recovery in airline shares and bargain hunting by domestic funds, while the
Philippine benchmark hit a record closing high for a fifth day in a row ahead of market holidays.
Bangkok's SET index was up 1.30 percent, taking its gain since Monday to about 2 percent.
Among outperformers, national carrier Thai Airways Internationa surged 11 percent after Japan's civil aviation agency lifted a charter flight ban for Thai-registered airliners during April and May to help ease the impact on passengers.
Domestic institutions bought shares worth a net 2.4 billion baht ($73.8 million), a third straight day of net purchases while foreign investors were net sellers worth 2.2 billion baht, their first selling in three days.
Buying inflows this week were from domestic long only "trigger funds", brokers said. Trigger funds, a type of mutual fund, automatically redeem after hitting their performance target.
The Philippine main index rose 0.7 percent to 7,993.09, above the previous record close of 7,940.49 hit on Tuesday. The market will be closed on Thursday and Friday for a public holiday.
Among weak spots, Jakarta composite index ended the day down 0.9 percent, its first fall in four trading days.
Profit taking hit rallying shares such as Astra International and Bank Rakyat Indonesia .
"Share prices in Jakarta are normalising after a quarterly window dressing yesterday," said a Jakarata-based equities trader.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3447.02 3447.01 0.00
Kuala Lumpur 1826.31 1830.78 -0.24
Bangkok 1525.58 1505.94 +1.30
Jakarta 5466.87 5518.67 -0.94
Manila 7993.09 7940.49 +0.66
Ho Chi Minh 538.91 551.13 -2.22